Productivity

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  • Created by: Becca-
  • Created on: 08-06-15 16:36
Producing a limited range of goods and services
Specialisation
1 of 10
One impact of competition
Higher profits
2 of 10
One impact of competition
Lower price
3 of 10
Increases human capital
Training
4 of 10
Output per worker per period of time
Productivity
5 of 10
Used to increase productivity
Machinery
6 of 10
One impact of competition
Lower average costs
7 of 10
A disadvantage of specialisation
High training cost
8 of 10
Reason the quality would suffer in specialisation
Boredom
9 of 10
Combining scarce resources to make an output
Production
10 of 10

Other cards in this set

Card 2

Front

One impact of competition

Back

Higher profits

Card 3

Front

One impact of competition

Back

Preview of the front of card 3

Card 4

Front

Increases human capital

Back

Preview of the front of card 4

Card 5

Front

Output per worker per period of time

Back

Preview of the front of card 5
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